
New Delhi:
After the shocking tariff decision of US President Donald Trump, there has been a tremendous bounce in the global market. Late on Wednesday night, Trump announced a 90 -day discount on Reciprocal Tariffs. However, this discount is only for all other countries except China. After this, on Thursday, Asian stock markets saw a strong rise. Japan’s Nikkei 225 index climbed 7.2% and crossed 33,999. At the same time, Seoul’s Kospi rose more than 5% and Australia’s ASX 200 index was also above 6%.
Tremendous bounce back in US market
On Wednesday, the US stock markets also saw a strong rise. Dow jones closed at 40,374 with a jump of 7.25% i.e. 2,728 points. The NASDAQ remained a record gains of 10.7% and closed at 16,905, which is considered to be the biggest rise in 24 years. The S&P 500 index also climbed 8.3% to 5,395.
Separate rules for China, tariff increased by 125%
Although Trump has given 90 days relief to all countries, he has increased the tariffs for China. Now the products coming from China will have an import tariff of up to 125%.
China also showed a tough stand
China has strongly reacted to Trump’s decision. Beijing has said that he will not tolerate the ‘tax blackmail’ policy of America. China has imposed a tariff of 34% on products coming from America in retaliation. This has intensified the US-China trade war.
Stock market closed with a decline in India
While there was an atmosphere of boom in the markets around the world on the previous day, the Indian markets looked dull yesterday. On Wednesday, the Sensex fell 379 points to close at 73,847, while the Nifty fell to 22,399 with a weakness of 136 points. At the same time, today the stock market will be closed due to Mahavir Jayanti.
Trump’s social media post became turning point
Trump posted on Truth Social and said, “I have given relief in tariffs for 90 days, as most countries have approached for talks and they have not retaliated against the US.” Only after his statement returned to the market.
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